AceTraderFx Nov 5: Intra-Day Market Moving News and Views (GBP/USD) - Page 16
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  1. #151

    Smile AceTraderFx Mar 29: Intra-Day Market Moving News and Views -EUR/GBP

    Intra-Day Market Moving News and Views
    29 Mar 2017

    EUR/GBP - 0.8715.. Sterling tumbled broadly in post -New York close after U.K. PM May signed off formal letter to trigger Brexit. Cable easily penetrated Tuesday's New York's 1.2442 low to 1.2377 at Asian open before staging a short covering rebound.

    Reuters reported earlier Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.
    On the eve of Brexit, May, 60, has one of the toughest jobs of any recent British prime minister: holding Britain together in the face of renewed Scottish independence demands, while conducting arduous talks with 27 other EU states on finance, trade, security and a host of other complex issues.

    The outcome of the negotiations will shape the future of Britain's $2.6 trillion economy, the world's fifth biggest, and determine whether London can keep its place as one of the top two global financial centres.

    For the EU, already reeling from successive crises over debt and refugees, the loss of Britain is the biggest blow yet to 60 years of efforts to forge European unity in the wake of two devastating world wars.
    Its leaders say they do not want to punish Britain. But with nationalist, anti-EU parties on the rise across the bloc, they cannot afford to give London generous terms that might encourage other member states to follow its example and break away.

    Within 48 hours of reading the letter, Tusk will send the 27 other states draft negotiating guidelines. He will outline his views in Malta, where from Wednesday he will be attending a congress of centre-right leaders. Ambassadors of the 27 will then meet in Brussels to discuss Tusk's draft.

    The course of the Brexit talks is uncertain.
    May has promised to seek the greatest possible access to European markets but said Britain will aim to establish its own free trade deals with countries beyond Europe, and impose limits on immigration from the continent.

  2. #152

    Smile AceTraderFx May 11: Intra-Day Market Moving News and Views -GBP/USD

    Intra-Day Moving News and Views
    11 May 2017

    GBP/USD - 1.2936.. Sterling remains on the back foot in subdued Asian trading ahead of BoE Super Thursday where the central bank will announce its rate decision, minutes of MPC meeting and the release of BoE Quarterly Inflation Report at 11:00GMT, then subsequent press conference by Governor Mark Carney at 11:30GMT.

    Analysts are divided what message BoE or Carney will convey to the market, although all expect BoE to stand pat on rate decision, some expect more hawkish MPC minutes with external member Michael Saunder to join his peer Kristin Forbes to vote for a hike.
    However, the main event is Carney's press conference. Despite market expectation of a possible hike later in the year, analysts are divided on future rate change due to downbeat UK GDP growth. So stay tune as one thing for sure, cable will pretty sharply be either moving up or down during the press conference.

    For now, bids are noted at 1.2930-20 with stops below 1.2900, offers are tipped at 1.2960/70 n more above with stops above 1.3000. UK will release construction output, industrial output and manf. output ahead of BoE Super Thursday.

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